The Role Of Small And Medium Sized Enterprises Smes In Europes Economy

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The role of small and medium-sized enterprises (SMEs) in Europe's economy

Author : Svetlana Shirobakina
Publisher : GRIN Verlag
ISBN 13 : 3638521869
Total Pages : 18 pages
Book Rating : 4.6/5 (385 download)

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Book Synopsis The role of small and medium-sized enterprises (SMEs) in Europe's economy by : Svetlana Shirobakina

Download or read book The role of small and medium-sized enterprises (SMEs) in Europe's economy written by Svetlana Shirobakina and published by GRIN Verlag. This book was released on 2006-07-18 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2004 in the subject Business economics - Miscellaneous, grade: 1,3, University of Lincoln, course: B.A. European Business, language: English, abstract: The Lisbon European Council of March 2000 set the European Union a new strategic objective for the coming years:to become the most competitive and dynamic knowledge-based economy in the world, capable of sustained economic growth with more and better jobs and greater social cohesion. It is considered that Europe’s competitiveness and economic progress is strong dependent on its small and medium-sized enterprises, which are the key-source for job creating as well as for searching for new business ideas and innovative solutions, its main driver for entrepreneurship. For this reason, the European Council endorsed the “think small first” principle as one way to progress towards the Lisbon objectives. The idea of the small business has captured the imagination of the public and politicians over past years. They agree in the point that to meet the challenge of new integrated Europe requires a better business environment within the Internal Market, including the lightest possible administrative and regulatory burdens for small businesses and a better access to finance resources as well as creating of simple and effective legislation. It also requires a revolution in attitudes to entrepreneurship and to risk-taking processes, which will allow viewing failure as a part of experience, as an “opportunity to learn” from mistakes. They also emphasise the fact that small enterprises are normally more sensitive to changes in the business environment than large firms. They are the first to suffer if weighed down with excessive bureaucracy and creating new administrative burdens. And they are the first to flourish from initiatives such as decrease in taxation rate and promotion. My essay aims to answer the question to what extent the EU’s main market integration initiatives address the needs of SME’s and what should be done on the way to developing strong, competitive SMEs which would use all benefits from the Single European Market. It is important to define what we mean by SMEs before proceeding to answer these questions. For the purpose of this essay, SMEs are defined as non-subsidiary, independent firms, which employ less than 250 employees. We have to take into account the fact that this number may vary across national statistical systems. [...]

The Promotion of Small and Medium-sized Enterprises in Europe

Author : Council of Europe
Publisher : Council of Europe
ISBN 13 : 9789287125491
Total Pages : 52 pages
Book Rating : 4.1/5 (254 download)

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Book Synopsis The Promotion of Small and Medium-sized Enterprises in Europe by : Council of Europe

Download or read book The Promotion of Small and Medium-sized Enterprises in Europe written by Council of Europe and published by Council of Europe. This book was released on 1994-01-01 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Small and Medium Sized Companies in Europe

Author : David Hitchens
Publisher : Springer Science & Business Media
ISBN 13 : 9783540401476
Total Pages : 260 pages
Book Rating : 4.4/5 (14 download)

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Book Synopsis Small and Medium Sized Companies in Europe by : David Hitchens

Download or read book Small and Medium Sized Companies in Europe written by David Hitchens and published by Springer Science & Business Media. This book was released on 2003-07-29 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The environmental performance of SMEs (Small and Medium sized Enterprises) is an area of major policy concern. SMEs in Europe reports on factors influencing the environmental performance of SMEs across four European countries: the UK, Ireland, Germany and Italy. While there are a range of factors which are expected to influence the take up of clean technology, this book focuses on three key hypotheses, namely firm competitiveness, culture and use and availability of information and advice. The book is unique as it is based on in-depths interviews conducted in 300 SMEs and an additional postal survey with more than 800 replies.

Small and medium-sized enterprises in the European Union: development challenges in 2014-2020 perspective

Author : Marek Matejun
Publisher : Lodz University of Technology
ISBN 13 : 8372836256
Total Pages : 161 pages
Book Rating : 4.3/5 (728 download)

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Book Synopsis Small and medium-sized enterprises in the European Union: development challenges in 2014-2020 perspective by : Marek Matejun

Download or read book Small and medium-sized enterprises in the European Union: development challenges in 2014-2020 perspective written by Marek Matejun and published by Lodz University of Technology. This book was released on 2014-10-01 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many years, small and medium-sized enterprises have occupied an important place in the strategy of socio-economic development of the European Union. This is due to the fact that these entities have many important functions related to, among others, creating a significant share of the national income and jobs, introducing innovations and causing many other effects that positively influence the level of competitiveness of the European economy. In order to ensure favorable conditions for the development of the SME sector in the European Union at the central level, as well as at the level of individual countries and regions, numerous assistance programs are developed in the form of specific support instruments available for the smallest entities. Currently, the European Union is entering the new 2014-2020 programming period, which is associated with the implementation of the principles of the Europe 2020 Strategy. This perspective will be associated with the possibility of the participation of entrepreneurs in a number of projects and the use of many support instruments, both financial, as well as non-financial. As in the previous years, however, certain actions will have to be taken and the acquisition of specific skills useful in efforts to absorb the EU assistance will be required. At the same time, exploiting the potential of the environment in the 2014-2020 perspective will be associated with changes in the conditions for the functioning and development of many European small and medium-sized enterprises. The monograph is devoted to the above-presented matters. Its aim is the presentation, analysis and evaluation of selected issues which, according to the authors, will be important for development processes of small and medium-sized enterprises in the 2014-2020 perspective. The book consists of fourteen chapters, which are divided thematically into three separate parts. The first part concentrates on the external conditions for the development of small and medium-sized enterprises in the latest strategic perspective of the European Union. The second part of the monograph emphasizes the challenges and changes in management systems which will largely determine the functioning of the SME sector in the coming years. The third, and last, part of the monograph focuses on selected determinants of building the competitiveness of businesses in the SME sector. The monograph is addressed primarily to managers and owners of small and medium-sized enterprises, along with undergraduate and graduate students, as well as post-graduate business students. At the same time, we hope that this book will be also appreciated in the scientific community, enriching the debate on the future challenges in managing the development of small and medium-sized enterprises, as well as inspiring discussion and further research in this field.

The Promotion of Small and Medium-sized Enterprises in the EU

Author : Elisabeth Herrle
Publisher : GRIN Verlag
ISBN 13 : 3638825701
Total Pages : 72 pages
Book Rating : 4.6/5 (388 download)

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Book Synopsis The Promotion of Small and Medium-sized Enterprises in the EU by : Elisabeth Herrle

Download or read book The Promotion of Small and Medium-sized Enterprises in the EU written by Elisabeth Herrle and published by GRIN Verlag. This book was released on 2007-10 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2006 in the subject Economics - International Economic Relations, grade: 1,0, course: Monetary and Fiscal Policies of the European Union, 36 entries in the bibliography, language: English, abstract: This essay provides basic information on the way the EU tries to promote small and medium-sized enterprises (SMEs). This policy field is very complex as SMEs are affected by Community legislation on a host of issues. As a result, over the years, the institutions of the EU introduced a kaleidoscope of programmes targeted at SMEs to enhance their situation on the market. To examine the most important ones of these programmes, first and foremost, the promotion of SMEs will be integrated into the industrial policy of the EU: I will shed some light on the rationale for an industrial policy and the three different approaches to it. Furthermore, I will elaborate on the evolution of the industrial policy within the EU. In the second part, I will have a closer look at SMEs in Europe, how they are defined and what their role is in the European economy. After having given this background information, I will examine how the EU promotes SMEs. First of all, I will dwell on the European Charter for Small Enterprises followed by some information on the Multiannual Programme for Enterprise and Entrepreneurship. In addition, I will give some details on programmes to promote conditions conducive for entrepreneurial activity; The Entrepreneurship Action Plan and the eEurope 2005 Action Plan respectively Go Digital. Finally, I will establish a connection between the EU industrial policy and the Lisbon Strategy.

Economic Growth in the European Union

Author : Christos Nikas
Publisher : Springer Nature
ISBN 13 : 3030482103
Total Pages : 191 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis Economic Growth in the European Union by : Christos Nikas

Download or read book Economic Growth in the European Union written by Christos Nikas and published by Springer Nature. This book was released on 2020-08-29 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the economic recovery of individual European Union member states more than ten years after the beginning of the global economic crisis. In light of austerity policies and conservative government investments in many EU countries, it explores how higher growth rates can be achieved by stimulating firms and economic sectors with a high accelerator potential. The contributing authors analyze the effects of EU policies on small and medium-sized enterprises (SMEs), while also studying EU policies with the potential to foster investments and economic growth. Furthermore the book assesses the EU policy on foreign direct investment (FDI) in the member states, in comparison with similar policies in Russia and the US. The authors demonstrate that FDI, besides providing financial resources, can facilitate modernization especially in the high technology sectors. Finally, the book provides a sector analysis and policy recommendations on tourism and immigration, as well as economic protectionism, since tourism has proved to be the most dynamic sector, especially in the European South, while immigration is one of the most serious issues the EU is currently facing. This book will appeal to scholars in economics and related fields, as well as decision-makers and professionals at governmental institutions looking for policy measures and tools to stimulate economic growth.

The European Observatory for SMEs

Author : European Observatory for SMEs
Publisher :
ISBN 13 :
Total Pages : 444 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The European Observatory for SMEs by : European Observatory for SMEs

Download or read book The European Observatory for SMEs written by European Observatory for SMEs and published by . This book was released on 2000 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the background of completing the European Single Market is the observance and monitoring of small and medium-sized enterprises (SMEs). With about 20 million such businesses, employing some 117 million people, SMEs represent an economic lynchpin to the success of the Single Market concept. This 6th report, from the Observatory, and prepared by a consortium led by KPMG Consulting, focuses on the economic and financial needs of SMEs. Specific chapters look at their products and services, the recruitment and training of staff, particulary vocational training, and their access to investment. The report is concluded with the set of policy recommendations, which are aimed at strengthening the entrepreneurial culture. These recommendations include: to provide more information on public procurement to SMEs; to promote further resarch on the impact of electronic commerce on the position of SMEs.

Small Firms and Entrepreneurship in Central and Eastern Europe

Author : Oliver Pfirrmann
Publisher : Springer Science & Business Media
ISBN 13 : 3642574602
Total Pages : 323 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Small Firms and Entrepreneurship in Central and Eastern Europe by : Oliver Pfirrmann

Download or read book Small Firms and Entrepreneurship in Central and Eastern Europe written by Oliver Pfirrmann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much of the research on transformation/transition in Central and Eastern European Countries (CEECs) focuses on macroeconomic issues (inflation, economic growth, employment ...). Little research has been devoted so far to microeconomic analysis. Recently the issue of new enterprises and firm founders has moved to the centre of economic and policy considerations. Readers of this book will learn about the role played by these firms in the transformation of central and eastern European countries. The book also includes contributions from Central and Eastern Europe on which little or no investigation has been performed until now (Yugoslavia, Romania, Slovakia).

SMEs in a Globalised World

Author : Helena Lenihan
Publisher : Edward Elgar Publishing
ISBN 13 : 1849805350
Total Pages : 247 pages
Book Rating : 4.8/5 (498 download)

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Book Synopsis SMEs in a Globalised World by : Helena Lenihan

Download or read book SMEs in a Globalised World written by Helena Lenihan and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: This insightful book shows how small and medium enterprises (SMEs) from some of the traditionally less dynamic peripheral economies of the old EU namely Ireland, Italy, Portugal and Spain have responded to the twin challenges of globalisation and industrial restructuring. Through a series of unique case studies the contributing authors discuss how these economies, and in particular the SME sector, can be transformed. The book begins by examining the key drivers of the globally competitive SME sector in the EU, before moving on to explore the relationship between multinational enterprises (MNEs), SMEs and industrial development. The authors investigate important policy implications and provide lessons for SME development and growth. With empirical and theoretical contributions on SMEs in both the manufacturing and the services sectors, this essential book will be invaluable for researchers and policymakers in small business economics and management. Postgraduate students of entrepreneurship, business economics, industrial economics and European studies will appreciate this unique set of insights.

Project Management in Small and Medium-Sized Enterprises

Author : Anna Brzozowska
Publisher : CRC Press
ISBN 13 : 1000996557
Total Pages : 211 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Project Management in Small and Medium-Sized Enterprises by : Anna Brzozowska

Download or read book Project Management in Small and Medium-Sized Enterprises written by Anna Brzozowska and published by CRC Press. This book was released on 2023-12-06 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growing importance of projects in organizations, combined with difficulties in their implementation, is accompanied by the need for professional knowledge in the field of project management. It results from the complexity of project management problems and the difficulty of knowledge that must be applied. However, surprisingly little is known about this topic, especially in the context of European small and medium-sized enterprises (SMEs). Project Management in Small and Medium-Sized Enterprises: A European Perspective attempts to fill this specific research gap. The book analyses the process of managing projects being implemented by small and medium-sized firms from Europe, identifies organizational processes, and verifies which elements of these processes require improvement. It concentrates on issues around the multifaceted characteristics of project management, with particular emphasis on the process of managing European small and medium enterprises. The book is the result of many years of empirical research and consists of two main parts: A systematization of concepts, terminology, and thus knowledge in the field of project management, with particular emphasis on the phases of planning, organizing, as well as leading and controlling in the project, as well as small and medium-sized enterprises, with particular emphasis on their specificity and role in the modern European economy. A systematization of concepts, terminology, and thus knowledge in the field of project management, with particular emphasis on the phases of planning, organizing, as well as leading and controlling in the project, as well as small and medium-sized enterprises, with particular emphasis on their specificity and role in the modern European economy Verification and development of such model procedures in the management of projects so that the SME enterprises’ functioning will be efficient and effective. There is a close relationship between the two parts. The theoretical part is the foundation on which practical considerations are later carried out. Integrating theoretical and practical issues, the book introduces new content to the literature and has the practical value of indicating how to manage projects in SMEs in the European Union. It also examines the decision-making processes related to project management in these organizations.

The Consequences of the International Crisis for European SMEs

Author : Bruno Dallago
Publisher : Routledge
ISBN 13 : 0415680859
Total Pages : 322 pages
Book Rating : 4.4/5 (156 download)

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Book Synopsis The Consequences of the International Crisis for European SMEs by : Bruno Dallago

Download or read book The Consequences of the International Crisis for European SMEs written by Bruno Dallago and published by Routledge. This book was released on 2012 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book explores how, to what extent and with what consequences the international crisis of 2007-2008 and the recession which followed have affected European SMEs (small and medium enterprises) in both the well established market economies of the old member countries and in the post-transformation new member countries, and what can be done at the institutional and political level to uphold them.

The Activities of the European Union for Small and Medium-sized Enterprises (SMEs) : SME Envoy Report

Author : European Commission. Enterprise DG.
Publisher : Luxembourg : Office for Official Publications of the European Communities
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Activities of the European Union for Small and Medium-sized Enterprises (SMEs) : SME Envoy Report by : European Commission. Enterprise DG.

Download or read book The Activities of the European Union for Small and Medium-sized Enterprises (SMEs) : SME Envoy Report written by European Commission. Enterprise DG. and published by Luxembourg : Office for Official Publications of the European Communities. This book was released on 2005 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Road Map to the Development of European SME Networks

Author : Agostino Villa
Publisher : Springer Science & Business Media
ISBN 13 : 1848003420
Total Pages : 196 pages
Book Rating : 4.8/5 (48 download)

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Book Synopsis A Road Map to the Development of European SME Networks by : Agostino Villa

Download or read book A Road Map to the Development of European SME Networks written by Agostino Villa and published by Springer Science & Business Media. This book was released on 2008-10-03 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent European Commission studies recall the urgency of promoting new and more robust Small and Medium-sized Enterprises (SMEs), due to the rise of enormous global markets and the emergence of a new industrial system originating from the distinctly different business culture of the Far East. A “road map” for the survival of SMEs in Europe must be based on an accurate analysis of the most significant causes behind the weaknesses of SMEs. Several research projects conclude that SMEs must join together to create “networks”. Yet the majority of the existing networks suffer from a lack of real coordination: it is clear that a method for analyzing the governance of the network and its collaboration efficiency is essential for assuring effective performance. “A Road Map to the Development of European SME Networks” addresses this task: describing the method of analysis, allowing comparisons to be made between SME networks in different European countries, and providing information on a supporting web site.

Small Businesses Trickling Up in Central and Eastern Europe

Author : Galen Spencer Hull
Publisher : Routledge
ISBN 13 : 1136530991
Total Pages : 298 pages
Book Rating : 4.1/5 (365 download)

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Book Synopsis Small Businesses Trickling Up in Central and Eastern Europe by : Galen Spencer Hull

Download or read book Small Businesses Trickling Up in Central and Eastern Europe written by Galen Spencer Hull and published by Routledge. This book was released on 2013-01-11 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999. Small businesses now constitute the most dynamic element of growth in the emerging markets of the Central and Eastern European region. This book argues that the small and medium sized enterprise (SME) sector has contributed more to the growth of these countries in transition than have privatized state enterprises and the public sector. In 1989 most of the countries of Eastern and Central Europe were still under an economic system dominated by state-owned enterprises. Since then a process of liberalization has been unleashed to promote free market policies. This has involved programs of privatization and restructuring of public enterprises, as well as the promotion of policies to enable a private sector to develop. Small businesses are creating thousands of new jobs while large companies are "retrenching and downsizing" their work force. In some countries of the region this process is much further along than in others. However, the SME sector has developed at a more rapid pace than has the privatization of the large public companies. There has been a flurry of new enterprises springing up throughout the region which are "trickling up" in a frequently hostile environment against tremendous odds, and yet managing to have a pronounced impact on their respective economies. Small businesses have taken over in sectors that used to be dominated by big enterprises, primarily in services and consumer products. They have provided a crucial outlet for pent-up entrepreneurial talent that had remained dormant during the long period of state domination. This work urges legislators, policy-makers, and development agencies alike to take account of the importance of the SME's in their legislation and planning. Given a more favorable environment, these small businesses will provide even greater impetus for economic growth. Equally important is for entrepreneurs themselves to be convinced of the rightness of their path in societies that have traditionally looked down upon profit-seekers as unscrupulous and selfish. If the CEE region is to achieve its full potential of economic growth, policies and support mechanisms to promote the SME sector will be needed to assure a favorable environment.

The European Fund for Strategic Investments: The Legacy

Author : European Investment Bank
Publisher : European Investment Bank
ISBN 13 : 9286148151
Total Pages : 81 pages
Book Rating : 4.2/5 (861 download)

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Book Synopsis The European Fund for Strategic Investments: The Legacy by : European Investment Bank

Download or read book The European Fund for Strategic Investments: The Legacy written by European Investment Bank and published by European Investment Bank. This book was released on 2021-01-07 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inside story of the European Fund for Strategic Investments from 2015 to 2020 told through interviews with the Managing Director, Deputy Managing Director, members of the Investment Committee and final beneficiaries across Europe. The architects of this €500 billion-plus programme, the head of the EU bank and the president of the European Commission, describe the genesis of this financial pillar of the Investment Plan for Europe. Then the people who ran one of the biggest economic stimulus programmes in history detail how they did it—and what the lessons are for policymakers responding to new crises, including the economic shock caused by the COVID-19 pandemic. The European Fund for Strategic Investments has been one of the good news stories to emerge in a decade of economic uncertainty. It has gone well beyond its highly ambitious target of €500 billion in mobilised investments. The Juncker Plan has made a strong contribution to the 14 million jobs created in the EU between 2015 and 2020. It has become a success in co-financing projects that otherwise might not have been carried through. It has also charted the path towards new ways of financing. This is not only the case in relatively conventional areas, such as infrastructure, but also in sectors like research and innovation or the contribution to climate change mitigation. This is exactly what makes EFSI so ground-breaking: responding to the needs of the market through continuous financial innovation. The principle of the European Fund for Strategic Investments is here to stay. It has paved the way for its successor, the InvestEU programme, which is to be deployed under the 2021-2027 multiannual financial framework. This publication details why the programme was such a success.

The Polish SME Sector

Author : Alexander Wunder
Publisher : GRIN Verlag
ISBN 13 : 3638650235
Total Pages : 65 pages
Book Rating : 4.6/5 (386 download)

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Book Synopsis The Polish SME Sector by : Alexander Wunder

Download or read book The Polish SME Sector written by Alexander Wunder and published by GRIN Verlag. This book was released on 2007-07 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2003 in the subject Business economics - Economic Policy, grade: 1,0 (A), University of Lodz (Department of Entrepreneurship), language: English, abstract: In the following paper I want to pay attention to the SME (Small and Medium-sized Enterprises) Sector in Poland. Researches within this Sector are very important, because that sector is the most dynamic in the whole Economy. Entry and Exit Rates of Businesses are about 10 % in the EU (European Union) and are even more in Poland. Noreen Doyle described it as the backbone for a lasting and effective business environment. As well as in the Transitional Period, which will be examined in detail in this paper, as in the accession phase of Poland to become member of EU, the development of the SME Sector will determine the future of Poland to a great extent. After defining this Sector, I will show the development separated in phases since 1980. In the following chapter, I will try to sum up the most important influencing factors for SMEs. Finally, I will consider some specific problems of Poland joining the EU.

New Models of Financing and Financial Reporting for European SMEs

Author : Eva Kaili
Publisher : Springer
ISBN 13 : 3030028313
Total Pages : 204 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis New Models of Financing and Financial Reporting for European SMEs by : Eva Kaili

Download or read book New Models of Financing and Financial Reporting for European SMEs written by Eva Kaili and published by Springer. This book was released on 2019-02-28 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the 23 million registered Small and Medium Enterprises (SMEs) that make up 98 per cent of the EU economy. Addressing the high end of SMEs in terms of new models for SME funding and financial reporting, this merged way of looking at SMEs reveals a ‘myopic’ thinking in terms of net present value and (future) cash flows generating short-termism and low risk appetite for business. This is not an accounting issue, but rather a preference toward certain financial tools. A segment of SMEs, the ones that seek new ways of funding possibilities, as well as modern technologies (MTFs listing, blockchain, ICOs, etc.) do require, even without knowing, IFRS for SMEs. This book reveals how market conditions impact the financial performance and sustainability of SMEs and also generate innovative policy interventions and financing strategies for SME integrity and efficiency. The authors frame their arguments in the context of the Capital Markets Union, looking at the Innovation Triangle, SME growth ecosystem and business models. They conclude by advocating for closing the circle of financing and financial reporting for SMEs, while considering if new financial models of financing and financial reporting are good for all the SMEs or only for some. The economy is being shaped by new models of financing and financial reporting. Read this practitioners’ view to understand the current changes and challenges.